Kontoor Brands completes sale of Lee brand to Authentic Brands Group
Kontoor Brands says it has completed the sale of its Lee business to Authentic Brands Group. No sale price or other financial terms were disclosed.
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what happened
Kontoor Brands has completed the sale of its Lee business to Authentic Brands Group, according to a press release published by TradingView and originally issued through BusinessWire.
Chief Executive and Chairman Scott Baxter said the company now has a more focused, growth-oriented portfolio that should deliver stronger returns for shareholders, and he thanked the Lee team for its contributions. Morgan Stanley acted as exclusive financial adviser to Kontoor, and Foley & Lardner LLP as legal adviser.
The release gives no sale price or other financial terms.
why it matters
Wrangler and Helly Hansen remain in Kontoor's portfolio. Without a disclosed price or any estimate of the effect on revenue and profit, investors cannot yet judge how the sale will affect the company's finances. The key figures will likely appear in future company reports.
tags
instruments
sources
- Kontoor Brands Completes the Sale of the Lee® Business to Authentic Brands Group — TradingView, 3 November 2026 at 11:50 UTC
- Kontoor Brands, Inc. (KTB) Completes Sale of Lee Business — TradingView, 3 November 2026 at 11:50 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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